When you buy life insurance you need to ask yourself.....what happens if I 

                                1        Live   (to a ripe old age)

                                 2       Die    (young or at life expectancy)

                                 3       Quit   (change my mind, need my money, want to retire early)

 1. Live    If you live long enough to have this worry, that's a good thing.  You have probably raised  and educated your kids, become successful at your job, paid off your house, and are looking forward to some time to yourself or with your wife and grandkids.

     What part does your life insurance plan have to play at this point in your life.

               a.    If you purchased Term life insurance you must decide just how much of it is really needed now that most of your responsibilities have ended   Term insurance at old ages can really burn a hole in your pocketbook and budget.   Changing it to another form such as Single Premium Life may be your best bet.  (See your advisor for details or talk toll free for 10 minutes, to an expert at Louisiana Life Insurance.com......... 1 888-456-1858 / 504 456-1858 ........ or  ........
email ........ Consult an Expert.   Ask yourself these questions................

1. Do you still have a mortgage?

2. Does your wife still need protection ?

3. Do you need to pay burial costs, car loans, last illness expenses?

4. Do you desire to leave a legacy for kids, grandkids, someone special?

5. If  you have done very well........do you need life insurance to pay death taxes, or finance a buy out of your    business interests, or as key man life insurance to stabilize your business for your heirs when they transition into the top positions of your business.

              b.     The answers to 1-5 above tell you what you need to do.   If you have purchased permanent insurance you need to ask yourself the questions above.............plus

1. Do you want to use your cash values in your life insurance to pay off an existing home mortgage?

2. Do you want to use some or all of your cash values as an additional source of retirement income?

3. Do you need to assign your insurance to a trust to remove it from the path of "death taxes"?

2.  Die        If you die.......at any age.......will your heirs complain that you left them with too much money?

                        Calculate Your Life Insurance Needs  

3.   Quit     You've changed your mind, your situation has changed, you are retiring or just don't want to continue
                       with your life insurance plans.  What do you get for the years you faithfully paid premiums to your
                       insurance company.                       

1. If all of your life insurance is Term life insurance.........you probably get nothing.  Most term life insurance plans do not have any residual value.   You purchased coverage during the time you had it, a lot like renting an apt.
   

2. If you purchased permanent insurance (an it doesn't matter which type of permanent insurance)  you may have, depending on the length of time you have owned, and the amount of money you invested in it,  you may have some very substantial amounts of  cash values at your disposal.  The younger you purchased the more money you now have.  The more you invested over the years , the more you now have available to you.   After accounting for burial expenses, last illness bills, outstanding loans you may want to use that money....
   

• To pay off an existing home mortgage?

• As an additional source of retirement income?

• Assign to a trust to remove it from the path of "death taxes"?

• Reduce the face amount to what's appropriate for your circumstances...and....take the money.

Think that you are uninsurable?. It's  Unlikely!...Take the Test

Request a Personalized Quote        View Life Insurance Rates